The Daily Tribune
Fuel subsidy possible if global oil prices surge, says Malacañang
The Philippine government is prepared to provide fuel subsidies to public utility vehicle (PUV) drivers, farmers, and fisherfolk should global crude oil prices surge.
Palace Press Officer Claire Castro stated that the disbursement of subsidies is contingent upon actual market movements, with the government closely observing the situation between Israel and Iran.
Castro emphasized that the welfare of transport workers, farmers, and fisherfolk remains a top priority for President Ferdinand R. Marcos Jr.
She explained that immediate decisions on subsidies may be delayed as they depend on the evolving global situation.
Currently, there is no immediate need for fuel subsidies as global crude oil prices are stable, ranging between USD65 to USD68 per barrel.
🤖
This story was generated by AI to help you understand the key points. For more detailed coverage, please see the news articles from trusted media outlets below.
News Sources
See how different news organizations are covering this story. Below are the original articles from various Philippine news sources that contributed to this summary.
The Philippine government is expediting efforts to roll out fuel subsidies totaling P3.1 billion to shield public utility drivers (PUVs), farmers, and fisherfolk from the impact of soaring fuel prices amidst rising tensions in the Middle East.
Read more →
The Philippine government is prepared to release fuel subsidies to over 1.1 million public transport drivers if global crude oil prices exceed $80 per barrel due to the ongoing Israel-Iran conflict.
Read more →
The Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) are preparing to distribute fuel subsidies to public utility vehicle (PUV) drivers and operators.
+3
Read more →
President Ferdinand Marcos Jr. announced a pause in the fuel subsidy program for public utility vehicle (PUV) drivers following a tentative ceasefire between Israel and Iran.
Read more →
Senator Sherwin Gatchalian is urging the swift implementation of fuel subsidies if Dubai crude oil prices breach the USD80 per barrel mark, driven by the ongoing Israel-Iran conflict.
Read more →